Key Points
- Intuit director Richard Dalzell sold 284 shares at $282.20 each, totaling about $80,144.80, in a transaction made under a pre-arranged Rule 10b5-1 plan.
- The sale left Dalzell with 12,042 shares worth roughly $3.4 million, representing a 2.3% decrease in his holdings.
- Intuit stock was down 4.2% and trading near its 52-week low, while analysts still rate the stock a Moderate Buy with an average price target of $511.35.
Intuit Inc. (NASDAQ:INTU - Get Free Report) Director Richard Dalzell sold 284 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $282.20, for a total value of $80,144.80. Following the transaction, the director directly owned 12,042 shares of the company's stock, valued at approximately $3,398,252.40. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Intuit Stock Down 4.2%
INTU stock opened at $269.08 on Thursday. Intuit Inc. has a twelve month low of $268.01 and a twelve month high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market cap of $73.60 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The business has a 50 day moving average of $354.99 and a 200 day moving average of $465.17.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company earned $11.65 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts forecast that Intuit Inc. will post 18.18 EPS for the current fiscal year.
Intuit Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Intuit's dividend payout ratio (DPR) is presently 29.07%.
Hedge Funds Weigh In On Intuit
Institutional investors and hedge funds have recently bought and sold shares of the stock. Joseph Group Capital Management purchased a new position in Intuit during the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit in the fourth quarter valued at about $25,000. HHM Wealth Advisors LLC lifted its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Intuit in the first quarter worth about $30,000. Finally, CrossGen Wealth LLC bought a new stake in Intuit during the first quarter worth approximately $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on INTU shares. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $600.00 to $530.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Erste Group Bank raised Intuit to a "hold" rating in a report on Monday, April 27th. Scotiabank set a $575.00 target price on Intuit in a report on Friday, March 6th. Finally, KeyCorp reduced their target price on Intuit from $520.00 to $450.00 and set an "overweight" rating for the company in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $511.35.
Check Out Our Latest Report on Intuit
About Intuit
(
Get Free Report)
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
